Distilling Skills to Imagineer Your Life: Master Mandarin Chinese

Have you ever looked at a master perform a craft and thought to yourself: Wow, I wish I can do that too? Here is good news for you: Nobody was born a master, yes you can! It’s our aim to teach you how.

This is the first blog post of a monthly blog series “Distilling Skills” where we will “distill” different skills into their basic ingredients and show you how to learn them in a more efficient manner. Over time, we will show you how you can make yourself a master of all trades!

In this competitive world, your ability to learn new skills gives you an extra edge over your competition. If you can figure out how to learn any skill, you can do anything.

The faster you learn a skill, the more you will be able to achieve.

What does this have to do with imagineering your life?

You can pursue your dreams better and faster when you learn and acquire the skills of your choice. Levelling-up the right skills is the key to living a more wealthy, happy, interesting, and fulfilled life.

Life is more than mere consumption. Learn how to create for a fulfilled life.

Let’s begin this series with my own example. I’d like to share the story how I ended up speaking fluent Mandarin Chinese while I grew up believing that I got no talent for learning foreign languages. My grades in French and English were nothing outstanding.

My appetite to learn and improve at foreign languages ran into a speed bump because I strongly believed not being good at it. I hated studying languages during school because it did not seem to be worthwhile. My negativity was made worse by a teacher who made me believe I truly had no talent learning languages.

Instead of a growth mindset, I felt stuck in the fixed mindset.

A few years later, I won a large cash amount at a TV gameshow “Who Wants to Be a Millionaire” which filled my bank account with six-figures at 21 year old. Concurrently I graduated with my economics Master and the world suddenly seemed to be filled with opportunities. Since I was born in Panama I chose to go on a solo backpacking trip to Panama and Costa-Rica to learn Spanish!

Something must have happened during this trip. Before the trip I strongly believed I have no talent for foreign languages but after less than three months studying Spanish, I immersed in the language and was suddenly able to converse with anyone on the street!

I couldn’t believe it.

My English improved a lot as well. The whole experience was fun, empowering and something clicked in my head: Maybe my teachers were wrong about my language skills? Maybe I found a key to “unlocking” a new skill through immersion?

Don’t say impossible.

Say I’m possible!

When someone tells me something is impossible, it usually gets me really interested.

Back in Panama, I double dared myself. When I left the Spanish school, my teachers and friends asked me: What’s next? My goal was clear: I got intrigued to test myself and see if I could learn Mandarin Chinese next!

Instead of why.

Ask: Why not?

I had barely returned from my Central America back-packing trip and announced: Next stop will be the Far East! Within two weeks I signed-up with AIESEC for a management traineeship. And another two weeks later I landed in Taipei, Taiwan!

It was my first trip eastwards of Europe. It was one of the most exciting adventures I’ve ever embarked in my life.

Little did I know what else would start from there. This new trip was like “unlocking” my skill-adding button. Some of my friends and family told me learning mandarin Chinese was one of the hardest to learn languages for Caucasians. I’ve accepted the challenge.

Instead of one day.

Say: Day one!

On my very first day in Taiwan I got to know my future wife (!) and a ton of wonderful new friends from the international AIESEC community. AIESEC is one of the best organizations for young people to expand your horizon and explore! It was day one for my mandarin Chinese challenge.

Once I had my basic life organized, I quickly arranged for a language school (TLI – Taipei Language Institute) and started mandarin lessons. I was sure how to go about it and quickly switched from initial group lessons to 1:1 style with a private teacher three times a week after work. Tuesday and Thursday nights from 8-10pm and on Saturday mornings from 9am till noon I started learning Chinese. 7 hours a week. It worked. It was fun.

I learned so much more than just a new language though. My lesson was much deeper. Thinking back, this was the moment where I’ve learned to find a way inside myself to unlock my motivation, my appetite for adventure as well as the discipline and motivation to follow-through.

Once you find your “way” inside yourself, you can add any skill you’d like.

The key take-aways for me where that I could repeat this with anything I’d ever want to learn in life. There’s a huge menu list of skills I’d still like to add. For me the basic ingredients are:

  • Motivation
  • Challenge yourself
  • Set yourself up for success, schedule it
  • Stay the course and follow through
  • Be fearless in the pursuit of what tickles your interest

Earlier this year I got to know Mike (@distillmike on Twitter), the blogger behind “Distill Institute”, I shared with him my above experience and how it affected me in a great way for the long term. We decided to start this monthly series “Distilling Skills to Imagineer”. Mike will lead you now through the technicalities behind my above “lucky” story so this lesson of mine becomes truly applicable for whatever skill YOU choose to learn!

Over to Mike:

Let’s Distill For Skill!

Matts’ journey of mastering so many difficult languages offers many more lessons than just “luck” for you to learn from.

Let’s use Matts’ experience as an example on how he subconsciously distilled the skills of learning languages and you can use them to replicate his success.

In the heart of distilling skills, we will use the DSSS method: Deconstruction, Selection, Sequencing and Stakes. This is a quick learning tool made famous by Tim Ferriss, the author most known by his 4-Hour Work Week book that ignited the New Rich trend.

Step 1: Deconstruction

First, you need to pick apart a language down into minimal learnable units and identify what builds a language.

There are countless words in a language but if you can learn the most common 3,000-5,000 words, you can consider yourself proficient in the language. Learning a language may seem like an immense project, but once you break it down into the simplest parts, it doesn’t look so scary anymore.

Remember that even the Great Wall is built by laying the first brick. Don’t overwhelm yourself, know that most languages are spoken and written in simple phrases and words that anyone can master.

Deconstruction helps to simplify a skill that seems complicated at first.

Step 2: Selection

Now that you have identified the minimal learnable units, it’s time to apply Pareto Law. Pareto Law is the principle that 80% of your output comes from 20% of your input.

In the learning context, it means that you have to pick out 20% of the minimal learnable units that would give you 80% of the results. This process requires you to find the smallest actions that have the biggest effects.

In language learning, it means finding the 20% most common words in everyday’s conversation. When you nail those frequently used phrases down, you would get by with speaking to the local like Matthias did.

Learning is about constant calibration. Get your basic strong and you can continue to refine your skill from there.

Step 3: Sequencing

Once you have picked out what are the minimum learnable units for the language you want to learn, it’s time to decide on which to learn first. Many people get caught in trying to learn everything at once and neglected to learn the foundational pieces. As a result, they don’t see it through the learning because they aren’t getting anywhere.

You need to realize that by getting the sequence wrong, you might be learning the intermediate building blocks instead of the beginner blocks. This will make your learning inefficient and ineffective.

Learning becomes fun when you’re getting better at a skill. So it’s critical that you can get the sequence of learnable units right. Start with the most impactful fundamentals will save you from wasting time and overwhelmed.

Step 4: Stakes

When there’re real consequences on your failing to learn, you tend to learn faster too. In Matts’ case, life would be very difficult for him if he didn’t speak the local language. The definite goal is to speak to the locals and the punishment is the inconvenience of not knowing the language.

So this pushed him to learn faster. The self-discipline is built in when there’s a price to pay for not learning and there’s reward for learning quickly.

When you’re learning a skill, implement actual punishments and rewards to keep yourself in check.

Distill to Imagineer Series

In this collaboration between Financial Imagineer and Distill Institute, we want to let people know that fast learning is a key to imagineer your life. We are going to use real world examples to distill skills for you so that you can learn fast too. We plan to release one new distill to imagineer post per month.

Stay connected for more!

The world is wide open for you to imagineer with the ability to distill any skill!

If you can learn anything, you can do anything.

Mike and Matt

If you’d like to read more from Mike, click here for subscribing for his newsletter or follow him here on Twitter.

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Disclaimer: Please be made aware that the some of the links used above may be affiliate links for which Financial Imagineer could receive a compensation.

Bake Yourself Rich

We are all kneaded out of the same dough but not baked in the same oven. Baking yourself rich is not some half-baked idea but a simple proven way to up your creative skills, increase the quality of your bread and lower your expenses sustainably – so you can bake your world a better place without cutting back too much in life.

We are baking our own bread for many years already. It all started one fine day when my Singapore neighbour Jason knocked on the door. In his hands, he held a freshly baked bread – as a gift for us – thanks again Jason for sharing!!!

Jason’s bread came straight from the oven, it was still warm. The smell was irresistible. Therefore, we did the only thing reasonable human beings would do: We sat down together, got some olive oil and salt, and started to devour this loaf of goodness – on the spot.

It was a snaccident.

Imagine the crispiness, the cracking of the crust, then the fine vapor escaping the warm, moist and soft inside of this wonderful bread.

Yes, getting good bread in Asia is difficult – and I was starved.

I wanted to try to bake it myself.

Baking bread is no rocket science doesn’t take a lot of time. Hey I could do it and I’m a trained economist and banker… how hard can it be!? It’s just some flour and water mixed and baked.

Give me your 5 minutes and I shall show you how.

How to Bake Awesome Bread

My friend Jason introduced this plain simple but perfect recipe (click here to download printable PDF) to bake my own bread a few years ago:

Before you get started be sure to have:

Ingredients: flour, water, yeast and salt.

Tools: a dough kneader or food processor (although you could use your hands as well – but beware, it’s a wet dough!), a dutch-oven or coverable pan (we have a Le Cleuset) and an oven.

Click on the above links – just some recommendations: You can use similar tools as well of course.

Step 1: Mix it! Put all ingredients together and mix them for about 5 minutes.

Step 2: Let the dough rise for at least 8 hours. Cover the dough with a towel! We prefer to let this happen overnight in order to have warm bread for breakfast. Spend around 5 mins before going to bed and leave it till the next day.

Step 3: Baking: Put additional flour into your dutch-oven to avoid the bread to stick later on, add the cover and bake for about 30 minutes. Then take cover off and keep baking for about 5 minuts or until crust is brown.

Step 4: Done! Let it cool down somewhat and enjoy!

My neighbour Jason and me became good friends, he later also taught me how to brew my own beer – I used to refer to him as the Beer Doctor! We frequently savoured our own beer creations in our condo jacuzzi and brainstormed more ideas.

But that’s another story.

Rise Your Own Dough $$$

The necessary ingredients are cheap, in average it cost me less than $1 to bake one loaf following the above recipe. Depending where you live and what flour and yeast you use, there will be different costs.

Try to experiment.

For us, each bread baked results in savings of about $2-3 in Europe and even more if we are in Asia.

If you’d like to check out how small but regular savings can compound into a substantial amount of money, please also make sure to check out my recent post “Million Dollar Haircut” to save more.

For bread, money is not the main reason for us to bake.

It’s the combination of having fresh quality bread – we simply LOVE this bread over the stuff we could buy – and second convenience: Once you do it a few times, your active “working time” required is less than 10 minutes per loaf.

What is better than baking your own $$$


Freshly baked bread right out the oven is just so much better than buying from the store. Baking your own bread is no rocket-science. It also saves you money and you can explore more fancy alternatives if you like.

Nothing says home like the smell of of baking.

Now, don’t be procrastibaking and get started. Be sure to at least try it once.

Download the above recipe and give it a try.

Let me know in the comments how it tasted and felt to start baking.

If you like it please bake someone else happy by sharing your bread or this recipe with family and friends just as Jason did with us one day. .

Happiness is having self-baked bread!

Bakers gonna bake!


Disclaimer: Please be made aware that the some of the links used above may be affiliate links for which Financial Imagineer could receive a compensation.

The 2020$ – Thriving In The New Decade

The speed at which our world turns is accelerating: Ongoing technological disruption, tumultuous politics and a workplace that is “always-on” are leaving many of us out of breath. The coronavirus is adding further fuel into this rapidly changing field.

Let’s stay optimistic though: Change usually comes with opportunity. Humanity has gone through multiple shifts in culture, economic systems and politics in the past. If you look back, it’s clear that change is the only constant in history. We’re still at the beginning of a new decade.

Upcoming changes and trends will impact many aspects of our lives. No matter where you live. No matter what you do. No matter who you are. Use the current pandemic situation to slow down, lean back, reflect, and try to look forward – through the smoke and noise.

Looking forward is important.

Besides finding your Ikigai and building multiple income streams, focus on the road ahead and try to anticipate how YOUR life could be impacted by new trends and how to best prepare for them.

Recession proof your life.

Screw surviving, it’s time to thrive!

1. Get Ready to Fight For Your Job

Less than a year ago, we could never have imagined how a pandemic could impact our work environment. While office workers are currently enjoying an increase of time flexibility due to covid, there are more forces on the move behind the scenes.

During the corona lockdowns we could observe across our Linkedin, Facebook and other social media channels how the new found location and time freedom got celebrated. No more wasted time in commutes, traffic-jams, boring meetings and in general a higher quality of daily life.

More work has been done from home and less physical time spent around your office.

Productivity actually increased during that time! People feel more empowered, contribute more and as performance is monitored in terms of achieving your goals and co-workers that used to score high on working long hours are suddenly no longer relevant.

This is a double-edged sword in many ways.

Going forward, even, and especially after corona, I’d say that flexible work will no longer just be an extra perk offered to a few selected employees. It’ll be the one big demand from the workforce in this new decade.

Even before the pandemic, there have been experiments with reduced working hours such as a four-day workweek in Japan and by Microsoft. The surprising findings confirmed what we observed most recently: Reduced worktime doesn’t hurt results. Quite the opposite is the case as management can focus more to understand who delivers what.

Increased time and location flexibility is on the rise.

This is the good news.

The other side of the story is striking once you change your perspective: Since you don’t need to be in the office, your work, your job can be done by anyone with the necessary skills – from anywhere! This is not true for all, but for many fields. Why would management continue to pay a high cost worker in a high cost of living country if the same job can get done by someone abroad – virtually?

The world is flat.

In other words, a vast amount of work can be outsourced and “jobs” in high cost areas will be at risk the most. Your added value counts more than ever. Beware of your bottom line contribution. It got so much easier to track results and contribution. Companies will focus even more on increasing “productivity per worker” or “productivity per dollar spent” going forward.

Be worth your money.

In a first round, work-to-be-done will be outsource to the increasing skilled workforce in more cost-efficient locations. The second round will conclude by having work streamlined even more and supported by better tools, systems, artificial intelligence and ultimately executed by robots.

This trend has started already during the last decade, but my best guess is that the recent pandemic situation will accelerate it manifold.

The challenge or opportunity to thrive here to manage this well and make the best out of it.


Since the current pandemic made not having to go to the office the new normal, your presence time or time in the office no longer counts. All what truly counts are your contributions, results and THAT you got your work done in time. Beware on which parts you ADD VALUE. Focus on the part of work that is not easily outsourced. Increase your skills in the relevant niche.

New competition is on the rise: Get ready to fight for your job – or work!


People who are good at “working independently”, who know how to add value and who are worth their money. IT savvy people who are freelancing and already know how to sell themselves online. Bloggers or people with a visibility on social media channels. It no longer matters to live nearby your company or close to your customers. You may as well be selling your services from Bali, Iceland or New Zealand. As long as you deliver: You will get paid. Geographic arbitrage opportunity at its finest!


Workers that simply focus on selling “their time” or “office politics” can be easily replaced by remote workers from other (cheaper) countries. As less people commute, office space rentals and linked businesses will get hurt. This trend will ultimately also affect the current tax revenue pool of cities and countries with a high-income population and the residential real estate they currently occupy.

2. Global War for Attention and Eyeballs

Are you sometimes mindlessly scrolling through your Facebook or Twitter feed? Do you sometimes forget how you got there in the first place? You’ve been caught – and: You’re not alone! Social media, the internet and in general businesses have gotten so good in “catching your attention”.

As consumer, YOU are now the product. Eyeballs and audience is the new currency of the 21st century.

The habit of wasting away at least one hour of your day on social media is costing you your true potential! You’re pulled away from focusing, be it at work, at home or in your family. If you figure out how to focus despite all the ongoing distractions, you’ve won half the battle already on this trend!

Likewise to social media, the most challenged field is how we watch TV.

Honestly, even during covid, how many hours of TV can you possibly watch? Well, eventually not enough! 2020 was scheduled to be the year more money would be spent on original scripted TV than was spent in the whole decade of the 1990’s.

If you believe the TV-age is the past, you might be wrong.

This year Apple and Disney launched their services to compete and catch-up with established streaming players such as Netflix, Amazon and Hulu. More, such as HBO Max, Peacock (NBC) and Quibi are to follow in 2020. Netflix used to be the “only game in town” and now, suddenly, we’re hosting the streaming Olympics!

It’s contenders are the most creative, well-resourced companies on this planet and they have one thing in common: They all want your eyeballs (!) and a chunk of this growing business.

While Netflix still has first-mover advantage – our own family TV does have a Netflix button on the remote control – Apple, Amazon and Disney are catching-up and they’ve created a whole ecosystem where streaming is just one potential contact point for clients.

Your attention can be sold in many ways!

These giants are boosting monetization opportunities such as amusement parks, action figures, iPhones or Amazon Prime deliveries. Smaller players on the other hand will have to pay the big guys a toll to reach the end-clients’ attention – and devices.


Your eyeballs and attention are the new currency of the 21st century. There’s just THAT much attention to be sold. The streaming wars are about to get bloody. There will be casualties. During the first few month of the Corona-pandemic most tech companies have grown over proportionately. Beware how regulators could become increasingly critical in this field.


People who learned how to retain their focus and know how to control their tech. The cash-flow-rich strong social media and streaming corporations that are well prepared to “milk” the market going forward. People with a unique skill to capture the attention of masses online.


Individuals with a more passive approach to life. The more traditional TV and content channels. Newspapers without online strategy.

3. Lifelong Learning: AI, Technology and Reskilling the Workforce

There are many predictions about how robots and AI are about to take over our jobs. We don’t seem to spend sufficient time thinking about how people will thrive in this new reality and what kind of skills can’t be replaced by the new “threats”. The best answer so far was usually UBI – universal base income.

My view is that you need to level-up your skills and prepare yourself to be flexible. Did you know that 6 out of 10 students will be doing jobs that don’t exist yet today? How then can schools and universities prepare the next generation workforce to match the bill? How much will your degree, your MBA still be worth in the future?

My best answer: YOU got to learn – how to learn!

Simple as that.

Independent lifelong learning will have to become ingrained in our society. We will have to remain flexible and adapt to a faster changing environment. The best way to do this is to make learning fun and part of everyday life.

It’s actually amazing that we have the internet! You can access our combined global knowledge online. Anytime. From anywhere. It’s up to each one of us what to do with such remarkable power at our fingertips. Don’t let it go to waste and learn how to use it well.

With an ever-increasing proportion of global business volume being transacted over the internet, online or through apps, Ed-tech will become more important. If you want, you can access (free) online classes from Harvard – today!

There are countless online resources you can tap into – for lifelong learning. Countless blogs, podcasts, youtube channels to online courses are offered – we are being overwhelmed by an increasing offer of “knowledge” trying to get our attention.

It also doesn’t matter anymore where you grew up or currently live as this knowledge is available across borders and languages. Knowledge is being democratized. Again: The world is flat.

This can sound scary but it’s an amazing fact of early 21st century life.

For us as society there seem to be three ways to go about the issue:

1. leave education and upskilling it to the individual – the good ones will take care of it, empower themselves, get contracted and can earn something,

2. leave it to companies and hope for them to invest in keeping their talent on the payroll and up to date – expensive and what if talent leaves? Isn’t it more expensive if they don’t invest in their talent and they stay? Hmmm… or

3. let governments take care of it.


My conclusion here – and good news for people – as a resource – is: People are the most flexible in the above equation. They can cross borders and companies. Companies can also cross borders – to find talent, opportunity, or a better ecosystem but people might not necessarily follow. Last but not least, countries will be left behind. Hence, the pressure is on them – the countries – to prepare for this challenge. If they don’t, an increasingly globalized workforce and ever stronger large corporations will abandon them if not attractive enough. Countries must focus on keeping their laws competitive, their location attractive and their borders open for good companies and skilled labour.

The challenge or opportunity for you as individual is to stay relevant and potentially start to market yourself online. No joke that I call websites “21st century real estate”. You can build your online presence through a blog, a podcast, youtube, social media or many other ways. My friend Pete even built a whole business servicing people looking to catch-up with the respective new skills, it’s called Do You Even Blog/ Online Impact.


The winners will be the flexible people, eager to learn, grow and adapt to the new realities. Keep building your knowledge and skillset as worker. If you look at it from the business side, anything that you can teach to the world becomes marketable. With that, services that help people acquire new skills to thrive in the new digital economy (e.g. Do You Even Blog). Large international corporations are also profiting by being able to tap into a larger pool of global talent at reducing costs. Universities with a strong, maybe even global reputation, will be able to profit from this trend as they can leverage their online resources to an increasing number of students. The winner takes it all.

Countries that embrace these challenges and offer the best possible ecosystem might be able to attract flexible individuals and corporations.


The first ones to lose will be traditional suppliers of education that are not adapting fast enough or can’t compete with global education brands pushing through into new markets. People who are not curious or eager to keep building their knowledge and skills will be left behind quickly.

Countries, or “national states” that are going down the road of protectionism instead of embracing change by improving their ecosystem to attract more global talent and companies.

4. Climate Change and Real Estate

The whole corona situation seems to delay this issue – for now. Just last year, Greta Thunberg has been made person of the year by the TIME magazine, alongside her efforts, public pressure around the climate crisis ratcheted up in a way very few people anticipated.

Now, the countdown for 2030 begins. In this decade, 184 countries – all of us – must make good on the emission reduction commitments in order to maintain global temperature rise below 2°C.  As the original pledges are not being met, activists are asking for a target reduction on paper to 1.5°C in order to correct the trajectory.

In a way, I do hope that one day we can look back at this time – the onset of a new decade – where we’ve decided to fight the threat of climate change and achieved to avoid it. We have done it before with the ozone layer, current forecasts project the layer might be fully healed by 2060. For me, the healing of the ozone layer is proof that we must listen to science, implement some rules and act before it’s too late.

The greatest threat to our planet is the belief that someone else will save it. We don’t have a “planet B” quite yet, don’t we? Elon Musk is working on it though! Space exploration will be another beneficiary of this trend.


Covid seems to have put the climate change movement on hold for the time being. There’s hope some of the issues can be resolved by the pandemic itself – such as lesser flights, less traffic, more frugality in general. It remains to be seen how this shall turn out once we figured how to live with/ or get rid of covid.

Climate change will have lasting impact on exposed locations or countries. Mass migrations could happen again. Real estate and insurance premiums will be affected. Increased risks for storms, floods, fire or shifting economic centers will be the driver. Keep the insurance and re-insurance business in view here, they might be significantly overexposed and under covered especially in these times of low interest rates.


Companies that produce more sustainable products and services. Potentially electric vehicles, more eco-friendly planes, sustainable energy, just to name a few. Countries that are less affected by potential global warming impacts (think Iceland, New Zealand). Location independent people.


Companies that will not adjust their strategy to the new situation and changing demands fast enough. Countries that are more affected by climate change. People who are not able or flexible to move if necessary.

5. The Asian Century will Dawn

In 2020, Asian economies will be larger than the “rest of the world combined” for the first time since the 19th century. Further, Asia is now home for more than half of the worlds middle class. The worlds economic center of gravity has been on the move for a few years already. Most recently it moved from the middle of the Atlantic slowly eastwards and should be ending up somewhere in Southern China a few years down the road.

By far the most rapid shift in the world's economic center of gravity happened between 2000 and 2010.

Of course the transition and “uprise” will not be a quiet and stable one, tensions in the Far East and protests could slow down this trend. However, from an economic and demographic perspective, it’s bound to turn out this way: Asia will be the focus of the next decade.

China and India had stellar growth and managed to pull out as many people from poverty as never been seen in human history before. China alone moved more than 800 million people (!) out of poverty – right into middle class. Once this transformation is completed, the question will be: What’s next?

Asia is not just China, there are many more countries currently emerging.


It remains to be seen what exactly the turnout will be on this one. Politics will be key driver here. See the trade wars that have started already.


Corporations and businesses focusing on a growing middle-class in Asia.


Corporations that keep focusing on their current slice of the market and don’t spend any time or effort to grow alongside this growing economic cake.

6. Meat Alternatives will go Big

Meat alternatives are growing into the hearts of consumers. The Impossible Whopper, Beyond Meat (now on Pizzas, in spaghetti sauce and in burgers as well) and more new contenders will be forming a whole new category of food in direct competition to traditional meat farming.

In my family we recently tested pure “Angus Beef Burgers” versus “Beyond Burger” in a blind testing set-up. My kids preferred Beyond. Most likely their burger was made to smell, taste or feel better than a burger by design. So, yes, meat alternatives won in our home-own blind tasting!

While the target market is growing fast – some consumers want to enjoy their protein and believe to do good to switch to ecologically and ethical better solution – the agricultural industry is on the move and plans to impose new laws restricting the use of words such as meat, burger, milk or animal products. Proposals of that kind have been pushed before the U.S. Congress and the European Commission already.

The market at stake is huge: an annual USD 140 billion by the end of the decade!

The game-changer for the next 10 years will be the arrival of cultured, slaughterless meat. Beef, pork, chicken and more that grows in labs from animal cells. Everyone in this business is watching closely for breakthroughs. Key for success will be the labelling and selling it the right way.

To succeed, alternative producers want and need their products to be found in – or near the meat aisles, the meat counters, and the respective restaurants. The target client is no longer the vegan or vegetarian but everyone, including and especially the meat eater. If the most convinced meat eater moves his consumption their way, they’ve won.


This trend has started and can be compared to what happened with banning smoking from restaurants, public spaces and offices in the past 20-30 years, imagine what could happen if eating/ consuming (real) meat could get publicly shamed.

Let’s see. I have tried Beyond but still prefer a good steak, burger and sausage myself.


Producers of healthy, tasty and affordable [meat] alternatives.


Companies that ignore this trend.

7. Capitalism – Quo vadis?

Capitalism as we know it will be contested. Ray Dalio, a hedge fund manager and US billionaire sees this as the biggest threat in the 2020’s, he says “the world is approaching a big paradigm shift”. The historic money printing that came with Corona is actually speeding up this potential shift.

Capitalism is and will remain the one system to guide economic activity on our planet that works best. However, it seems recently more voices are sending the message that pure capitalism does not work anymore for everyone. The true problems come from targeting never-ending growth, increasing inequality and new technologies such as artificial intelligence and robotics could actually even be a catalyst to speed-up inequalities. Corona helped further.

In late 2020 the IMF will hold again its SDR basket rebalancing meeting, a meeting that is held just every 5 years and decides how much weight our largest global currencies will get for the subsequent 5 years. The last IMF SDR meeting was held in 2015, China was the big winner at the expense of the EU, Japan and the UK. Back in 2015 the US could protect its USD very well.


Capitalism and the system have never been “cast in stone”. It has evolved further through history. It will be interesting to anticipate the next moves, the 2020’s sure look like there’s huge potential for larger shifts in this field once again. Economists are currently concerned that traditional stimulative tools, such as interest rate cuts, bond-buying programs, more quantitative easing, will be less capable of spurring investment during this current Covid-recession.

If you’re planning for your future and or consider retirement, take care of these points. There could well be a retirement crisis coming up. Plan differently this time.


Currencies of economies with lower quantitative easing, lower inflation, and lower debt levels. Potentially replacements for a global reserve currency, maybe new central bank issued digital currency. Equities with stable inflation protected businesses. Real assets such as real estate, gold, silver, and the respective miners. People with a sound retirement plan not just relying on governments help, cash or savings.


Bond holders, currencies affected by the global power shift, currencies of countries that don’t adapt to the new global order fast. People that solely rely on government supports for everyday life or retirement needs.

8. Living, Breathing FIRE

As the new decade has started, the FIRE (Financial Independence/ Retire Early – or Retire to Entrepreneurship – or Recreational Employment) movement is still growing strong despite the Corona pandemic impact.

In fact, questioning the values of working and consuming evermore in search of happiness has never been more popular than now.

This trend is global.

In Europe, working hours are still being reduced. FIRE keeps spreading in the US. Even in the more work-obsessed cultures in Asia people started rebelling against the 9-9-6 model (working 9am to 9pm 6 days a week).

The more productive we become, the more we value time as scarcest resource of our life.

“Hunger” has always been a healthy component for progress and growth. Wouldn’t it be self-limiting for humanity if that part would be neutralized completely? On one side an absence of hunger may be caused by us attaining the well-deserved fruit of abundance while on the other side deeper concerns about capitalism itself are spreading.

The urge for change is usually the highest in direct relation with pain and uncertainty about the future. A good thing also that most of us have more time to think deep.

Getting aligned and making the best of what’s to come it to grow stronger is the way!


In my above attempt to filter through some trends the main question for you is:

“How do I future proof myself, or how do I even thrive through the 2020’s?”

My simple answer to this is to focus on your ikigai, work on skills instead of diplomas, keep learning, stay relevant by adding value, beware of new competition – and opportunities (the world is flat).

Start with self-branding, move towards self-employment and surround yourself with people who remind you more of your future than your past.

Screw surviving – it’s time to thrive!


The Million Dollar Haircut

Most people might not enjoy the process of going to a hair salon. In the past I loved to go to the same hair salon repeatedly. My hairdresser knew how to cut my hair and over time we became friends. However, hairdressers do change jobs. That’s when the pain starts. You must explain your hairstyle preference to a new person from scratch. There is a high chance you will not like the “new” haircut – but you have to pay for it anyways.

Money – and time – that you could save and invest otherwise instead. For instance by cutting your own hair. Yes, learn how to cut it yourself. It’s not that hard. It saves time and money. In itself this new habit can be worth a million dollars. Read on!

Safe Time

For myself, going to the hairdresser was usually a series of activities wasting my time: First, make a phone call to reserve a time slot, then by commute to the hair salon, followed by more waiting time – despite the previous arrangement – as the customer before you takes somewhat longer than planned. A simple hair salon visit could easily take up more than one hour of [my] time, all actions combined.

Time is my most valuable asset and I love any hacks to optimize and reduce time spent.

Safe Money

Haircuts are available at discount or at super high prices. They all have one thing in common? You will pay money to someone else – repeatedly – to get the job done.

Never ask a barber if you need a haircut.

A simple haircut in Taiwan sets you back about $4, in Singapore around $10 and in Switzerland $40. Some people might even spend more than just for their regular trim! Repeatedly.

Let’s assume you could get this job done yourself. You could actually save $40 per month perpetually going forward, isn’t it? Now, that’s where the magic starts…

Cutting Your Own Hair – A Million Dollar Habit

While $40 does not sound like a lot, saving it persistently WILL amount to a lot – over time. In my case, if I keep cutting my hair until the end of my days – expecting I can live to a 100 years – and keep investing (!) the savings at 10% annual returns – keeping a 2% inflation in mind – we are talking:


Assumptions: $40 per haircut, 12 trims a year, invested at 10% instead. Haircuts increase in price by 2% per year due to inflation and proceeds are accumulated and compounded:

1 MILLION DOLLARS (!) by age 92, and THEN ANOTHER ONE MILLION by age 100.

The true power of compounding!

How To Cut My Own Hair?

Chances are you have never cut hair. Not your own, and not other peoples’ hair. Do NOT despair. In the age of the almighty internet there are plenty of free resources available for getting yourself ready for the task.

You might want to prepare yourself by watching as many YouTube videos as you need to get comfortable before getting started.

Give it a Try!

Not sure if you can do it?

You think DIY haircuts are more a guys thing and nothing for ladies to try?

Well, guess what.

First, I’m not so much the technically gifted kind a guy… and second, if I can do it: You can do it! …as my friend Chrissy from “Eat Sleep Breathe FI” concluded in her own recent blogpost “It’s the perfect time for DIY haircuts!” – yes, she’s a lady – check it out!

Not sure if you will like the result?

Don’t worry, go for a trial run first!

Cutting your hair is like most things in life:

Sometimes you win, sometimes you learn.

Rest assured: Even if the result sucks, you did not spend $40 for it and you have just skilled up yourself. Most likely your results will improve when you keep trying.

Life’s too short for boring hair.

Once you’re mentally prepared, invest into a good tool: A hair trimmer.

I gave it a try and bought this badass-cuts-twice-as-fast machine!

The Philips Hair Clipper Series 7000 worked extremely well for me. I can highly recommend it if you like to give it a try:

If you truly like to “try before you buy”: Maybe one of your friends might have a trimmer. Ask if you can borrow first.

Keep in mind: During times of Corona, a self-cut head will still look much better than letting your hair grow wild.

Worst come to worst: Just still go to a hair salon and have your hair fixed there.

Opportunity Costs

I’m an economist by training. That’s why I have the habit of justifying the way I spend my time very systematically. Hence, you might also be asking: “Why should I spend time on cutting hair if I could delegate to someone else instead? Wouldn’t I preferably be generating more value focusing on my vocation?”

My conclusion on this one is simple:

Cutting your own hair is a relatively “easy-to-acquire” skill. Similar with cooking your own food, it doesn’t cost you much time or money to “skill-up”. Indeed, over the past two years my hair cutting skills have improved. Not only did I get faster but also better at it. This will make you increasingly competitive vs. outsourcing.

Opportunity costs represent the benefits you miss out on when choosing one alternative over another. Because – by definition – they are unseen, opportunity costs can be easily overlooked if one is not careful. Understanding the potential missed opportunities foregone by choosing one way to spend your money or time over another allows for better decision-making.

Sometimes I trim my hair more often than one per month – because I can…

To sum it up: Yes, I prefer cutting my own hair multifold over going to any hair salon. Opportunity cost-wise it’s not an either or, it actually does save me both: Money AND time!


If you invest the little money (for a trimmer) and time required to learn the skill, cutting your own hair is as awesome as can be. It’s a creative new skill that adds freedom and independence to your life. No more scheduling, no more waiting at hair salons, no commute, no hassle, you can cut your hair whenever and wherever needed. You may even experiment with new hair styles – up to going bold to cover up mistakes!

You will usually be done within 5-10 minutes (yes!) and most importantly you do not have to pay someone else and can save the proceeds!

That’s how your own haircut is a “Million Dollar Haircut”!

Happiness is: A fresh new “Million Dollar Haircut”

Extra Bonus

If one million is not sufficient: Your ROI can be multiplied if you – like me – start cutting your kids hair! During Corona lock-down some friends where asking me questions about my hair as it was usually finely trimmed while some others let it “grow wild”. That’s where I figured this skill might potentially even be marketable. However, cutting other people’s hair – outside of my family – is surely not my goal.

Let your haircut do the talking!

Happy cutting, Matt

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